TechnipFMC Announces Second Quarter 2023 Results
Subsea reported second quarter revenue of $1,618.4 million, an increase of 16.6 percent from the first quarter.
- Subsea reported second quarter revenue of $1,618.4 million, an increase of 16.6 percent from the first quarter.
- Subsea reported an operating profit of $153.4 million, an increase of 129.6 percent from the first quarter.
- Sequential operating results increased primarily due to higher revenue, improved margins in backlog, and increased installation and services activity.
- Adjusted EBITDA increased by 64.8 percent when compared to the first quarter, benefiting from the same factors that drove operating profit.